Saturday, October 9, 2010

Hi, traders. In part one, I take a quick look at the overall technical picture (quick because earnings this week will likely make technicals unimportant). I also look at the big-cap growth leaders and how they have acted recently - most have behaved well after having big moves up and that bodes well overall for the market. Just like last week, if we break through the short-term moving averages on heavier volume, I would watch out, but until it happens, you have to stay long.

In part two, I go over some bullish setups that you should watch this week. Hopefully you were able to catch NOR from last week - up 20% in the last three days. Right now, I am not going to be very aggressive on the long side due to the earnings season starting, but if a setup is there that I really like, I will consider taking it. I am long IDSA as of now.

Hope you find the videos helpful and informative. As always, feel free to email me with questions or comments - I enjoy hearing from my readers. Have a great weekend and good luck next week.

To see the video in HD, please click "720p" and "Full Screen" on the video bar - HD will be available after processing.

Overall Market Timing Score

March 20, 2014 -2March 19, 2014 +1(Max Score +6, Min Score -6)

The Market Timing Score has six factors that I record on a daily basis. These include breadth indicators, moving average indicators, accumulation and distribution indicators, and overbought and oversold indicators.

The max score of the Market Timing Score is +6, but this is very rare. Typically a score of +4 or +5 tells you that the market is very bullish. A score of +3 or +2 tells you that the market is bullish, but there are a few reasons for concern. A score of +1 or 0 tells you that cash is the best place to be. The scores work the exact same way on the negative side for bearish markets.

Get Every New Post By Email

Get New Posts via Reader

Recent Videos

Loading...

Search This Site

Search The Internet

Disclaimer

Chart Swing Trader is a website intended for the education of online stock traders. The website is an information service only. The information provided herein is not to be construed as recommendations to buy or sell stocks of any kind. They are simply the opinions of the author. It is possible that the editor of this blog may own, buy, or sell stocks presented. All investors should consult a qualified professional before trading any stock. The author is not an investment advisor. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts made by the author are committed at the reader's own risk, financial or otherwise.